cross-posted from: https://lemmy.zip/post/7995540
I considered deleting the post, but this seems more cowardly than just admitting I was wrong. But TIL something!
this post was submitted on 08 Jan 2024
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Infinite $1 bills would be inherently less valuable just because who wants to carry that much cash around? Say, for instance, that you wanted to buy a $30,000 car with your new windfall. Would you rather show up with a stack of 300 $100 bills in your hand, or several wheelbarrows full of 30,000 $1 bills?
You don't pay cash. You hire someone to deposit 100M in your bank account. You pay with your vip Amex.
You could still pay someone to deposit the $100 bills and it would take 1/100 the time to reach the same account balance
It would take less time, sure, but what do I care? I'm not doing the work, I pay someone to do it. With my infinite money.